Smiths Group PLC (SMIN) - Bond Offering
RNS Number : 0148O
Smiths Group PLC
05 October 2012
London, 5 October 2012
For immediate release
SMITHS GROUP PLC LAUNCHES US$400M BOND OFFERING
Smiths Group plc confirms the launch yesterday of a US$400 million
dollar-denominated bond offering ("the Notes") for general corporate funding
purposes and to repay certain existing debt.
The Notes, priced with a coupon of 3.625%, have a maturity in October 2022 and
the offer is expected to close on 12 October 2012. They will be issued by
Smiths Group plc, guaranteed by Smiths Group International Holdings Limited,
and will rank pari passu with all of its other existing unsecured
Smiths Group Finance Director Peter Turner said: "This successful bond issue
reinforces our financing strategy of proactively managing our debt portfolio
primarily with long-term US$ denominated debt."
+44 (0)20 7808 5535
+44 (0)20 7808 5534
+44 (0)20 7930 0777
Smiths is a global technology company which is listed on the London Stock
Exchange (SMIN) and operates a sponsored level one ADR programme (SMGZY). A
world leader in the practical application of technologies, Smiths Group
products and services for the threat & contraband detection, medical devices,
energy and communications markets worldwide. Our products and services make
the world safer, healthier and more productive. Smiths Group employs more than
23,000 people in over 50 countries.
This information is provided by RNS
The company news service from the London Stock Exchange
MSCEASESESDAFEF -0- Oct/05/2012 06:00 GMT
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